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Serent Capital Starts New Fund; Bullish On B2B Payments Category

PYMNTS

The first was the investment in early December of procure-to-pay healthcare payments company Procurement Partners. Through invoice integration, the service boasts improvements to savings and offers a compliance audit feature that can help vendors cut spending. That was followed on Dec.

B2B 79
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Transcript: Rick Rieder

Barry Ritholtz

But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much credit risk you’re taking, illiquidity, et cetera. And how do you make the decision, I’m not comfortable with this credit risk relative to the return it’s going to throw off?

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Transcript: Ted Seides

Barry Ritholtz

Let me say what your compliance wouldn’t allow you to say. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. SEIDES: So it’s Hartford HealthCare. We were short subprime mortgages with John Paulson.